Wednesday, June 13, 2012

7 Plutocrats That Bankrolled the GOP Primary -- and What They Want in Return

Our elections have replaced horse racing as the sport of the nation's most obscenely wealthy.

excerpt;

...

As of May 4, this corporate clique had poured an unprecedented $94 million into the SuperPACs of the leading five GOP contenders (with $52 million of that going to Renew Our Future, Romney's money funnel). This firepower was all the more potent because it was targeted at only the few thousand voters in each state who participated in the caucuses and primaries. And it bought just what the moneybags wanted--the lockstep commitment by all contenders that--no matter how they might differ on abortion, gay-bashing, and such--they would govern according to the Holy Kochian vision of a regulation-free, union-free, tax-free America. Thus, no matter which horse any of the multimillionaires and billionaires bet on, they would cash-in as winners, for this tiny group now owns one of America's two major parties (and, yes, often rents the other).

The result is a suicidal diversion of our country's political process from addressing the urgent needs of the majority (and of the country itself). Instead, the presidential and congressional debate has wandered down the rabbit hole into the Mad Hatter's tea party, where the number one political priority is to protect and extend the wealth and power of the privileged class! There's an old-time word for this: plutocracy. Throughout our nation's history, that word has been an expletive, an anti-democratic abomination. Astonishingly, however, it's back with a vengeance. We see in Congress, in numerous state governments, in the media establishment, in corporate-funded academia, and now in the race for president an all-out push to ennoble rank plutocrats as "job creators," to emasculate the people's authority to control the narcissism of the rich, and to make American citizens swallow the lie that corporations are "people" with a constitutional right to purchase our democracy.

SuperPACs are only Wave One of the financial tsunami sweeping over America's politics this year. Wave Two, also authorized by Citizens United, will be even larger, for it allows Fortune 500 giants to siphon as much money as they want directly out of their corporate vaults and pour it into campaigns--while keeping the sources of the money secret from voters. These totally secret, corporate political funds are laundered through outfits organized under section 501(c)(4) of the tax code as (WARNING: The following fact is so stupefying that it can cause temporary insanity in sensible people) non-profit "social welfare organizations" engaged in charitable work! Never mind that the welfare of the plutocracy is the cause being served by this perverse philanthropy.

...

I'm not sure our friends on "the right" (flush from the Wisconsin victory) are aware of what they're getting into bed with.

Oh, many do (especially around here) but just don't care.

But I suspect many so-called moderates of both sides are just now catching on to what the Supremes have done to them. ...and are aware that this coming election may be the last chance to change things back for a long, long time.

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